SRS Capital Advisors Inc. Has $6.06 Million Stake in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

SRS Capital Advisors Inc. lifted its stake in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 711.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 124,542 shares of the company’s stock after purchasing an additional 109,186 shares during the period. SRS Capital Advisors Inc. owned 0.13% of First Trust Low Duration Opportunities ETF worth $6,062,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. LPL Financial LLC boosted its position in shares of First Trust Low Duration Opportunities ETF by 12.2% during the third quarter. LPL Financial LLC now owns 8,560,709 shares of the company’s stock worth $422,985,000 after purchasing an additional 929,010 shares in the last quarter. Concurrent Investment Advisors LLC increased its stake in shares of First Trust Low Duration Opportunities ETF by 7.0% during the 3rd quarter. Concurrent Investment Advisors LLC now owns 753,068 shares of the company’s stock worth $37,209,000 after purchasing an additional 48,939 shares during the last quarter. Prospera Financial Services Inc increased its stake in shares of First Trust Low Duration Opportunities ETF by 32.3% during the 3rd quarter. Prospera Financial Services Inc now owns 456,916 shares of the company’s stock worth $22,586,000 after purchasing an additional 111,451 shares during the last quarter. Private Advisor Group LLC grew its stake in First Trust Low Duration Opportunities ETF by 94.9% in the 4th quarter. Private Advisor Group LLC now owns 454,078 shares of the company’s stock valued at $22,100,000 after buying an additional 221,157 shares during the last quarter. Finally, Financial Enhancement Group LLC grew its stake in First Trust Low Duration Opportunities ETF by 87.4% in the 3rd quarter. Financial Enhancement Group LLC now owns 442,405 shares of the company’s stock valued at $21,258,000 after buying an additional 206,322 shares during the last quarter.

First Trust Low Duration Opportunities ETF Price Performance

NASDAQ LMBS opened at $49.14 on Friday. The firm has a 50-day moving average price of $48.69 and a two-hundred day moving average price of $48.90. First Trust Low Duration Opportunities ETF has a 12-month low of $45.06 and a 12-month high of $51.49.

First Trust Low Duration Opportunities ETF Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 21st were paid a $0.17 dividend. This represents a $2.04 annualized dividend and a yield of 4.15%. The ex-dividend date was Friday, February 21st.

About First Trust Low Duration Opportunities ETF

The First Trust Low Duration Opportunities ETF (LMBS) is an exchange-traded fund that is based on the Bloomberg U.S. MBS index. The fund is an actively managed fund that invests in a variety of mortgage-backed securities with target duration of less than 3 years. LMBS was launched on Nov 4, 2014 and is managed by First Trust.